Allied Services Risk Retention Group
- Assets
- $8.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 20-1177431
Organization Overview
Allied Services Risk Retention Group is located in Charleston, SC. The organization was established in 2005. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allied Services Risk Retention Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Allied Services Risk Retention Group generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSURANCE AND/OR CLAIMS DEFENSE TO ALLIED SERVICES FOUNDATION AND AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING INSURANCE IN SUPPORT OF THE EXEMPT ACTIVITIES ENGAGED IN BY ALLIED SERVICES SYSTEM ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Krogulski CFA Chairman | OfficerTrustee | 1 | $0 |
William W Scranton III Vice Chairman | OfficerTrustee | 1 | $0 |
Gerald B Franceski Treasurer | OfficerTrustee | 1 | $0 |
William P Conaboy ESQ President/ceo/secretary | OfficerTrustee | 1 | $0 |
Michael Ferguson Director | Trustee | 1 | $0 |
Paul R Newton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,654,537 |
| Investment income | $160,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$218,636 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,596,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $156,001 |
| Fees for services: Legal | $3,078 |
| Fees for services: Accounting | $37,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,787 |
| Fees for services: Other | $46,676 |
| Advertising and promotion | $0 |
| Office expenses | $744 |
| Information technology | $18,297 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,151,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,695 |
| Savings and temporary cash investments | $1,069,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $831,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,745,881 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,978 |
| Total assets | $8,715,082 |
| Accounts payable and accrued expenses | $194,769 |
| Grants payable | $0 |
| Deferred revenue | $820,242 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,656,964 |
| Total liabilities | $5,671,975 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $931,697 |
| Paid-in or capital surplus, or land, building, or equipment fund | $200,000 |
| Retained earnings, endowment, accumulated income, or other funds | $1,911,410 |
| Total liabilities and net assets/fund balances | $8,715,082 |